HII: Q2 revenue and EPS beat on higher shipbuilding revenues; Virginia Class Block VI awarded last night

Research evidence excerpt

HII: Q2 revenue and EPS beat on higher shipbuilding revenues; Virginia Class Block VI awarded last night

30 July 2026

Douglas S. Harned, Ph.D.

+1 917 344 8430

Global Aerospace & Defense douglas.harned@bernsteinsg.com

Huntington Ingalls Industries Inc Adrien Rabier

+44 20 7676 6820

Rating adrien.rabier@bernsteinsg.com

Market-Perform Nestor Wester

Price Target +44 20 7676 7067

nestor.wester@bernsteinsg.com

HII 337.00 USD Specialist Sales

Steve Song

+1 917 344 8401

steve.song@bernsteinsg.com

HII: Q2 revenue and EPS beat on higher shipbuilding revenues;

Virginia Class Block VI awarded last night

HII reported Q2 26 earnings with the conference call to be at 9am ET.

Close Date 29 Jul 2026

HII reported diluted EPS of $5.27, above consensus estimates of $3.81. Revenue of $3.42bn HII Close Price (USD) 280.40

was above consensus expectations of $3.15bn. The beat was driven by higher revenue at Price Target (USD) 337.00

Newport News and Ingalls and better than expected margin performance at Newport News. Upside/(Downside) 20%

Exhibit 1 summarizes the results. 52-Week Range 460.00/256.45

SPX 7,316.15

Segment revenues were above consensus estimate at Newport News and Ingalls, and in line FYE Dec

at Mission Technologies. Higher revenue at Newport News was driven by higher volumes Div Yield 2.0%

in submarines and aircraft carriers. Ingalls revenue increased 16.7% vs the same period in Market Cap (USD) (M) 11,049

2025 primarily driven by higher volumes in amphibious assault ships. We expect that labor EV (USD) (M) 13,764

pass through contributed to the higher revenues in both yards. Margins were higher than Performance YTD 1M 6M 12M

consensus at Newport News and Mission Technologies, but slightly lower at Ingalls. Mission Absolute (%) (17.5) 0.2 (33.3) 8.5